July 25, 2017
The federal government has sent another warning shot to dentists and other professionals who have been using private corporations (PC) such as professional corporations/ hygiene service corporations /technical service corporations and holding corporations as a tax savings vehicle. Below are the tax planning tools that are being targeted and the proposed changes which are expected to take effect on January 1, 2018.
Read how this can impact you by clicking here.
Is the ODA together with other associations plan to fight the government? The cost of running a small business has already been increased by the Liberals in addition to increasing personal taxes. I guess bankrupting small businesses that create jobs before bankrupting Canada is part of their master plan.
The Liberals (I call them the Fiberals) don’t want anyone to make money or have investments.
They are punishing those of use who are savers & investors. I live within my means. I save & invest for the future because the gov’t is quickly coming to the point where they will claw back everything. There is no incentive to work or save. I should have been out spending like a drunken sailor & then relied on the gov’t to bail me out. The Liberals under Jean Chretien were going to simplify the tax returns. Two questions. #1. How much money did you make last year? #2. Send it all in. No wonder we’re not attracting any new business.
This is theft and leftists don’t care because they don’t think we deserve to plan for retirement or even make more than they do. What can we do to stop this?
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